Xometry (NASDAQ:XMTR) Stock Price Expected to Rise, Craig Hallum Analyst Says

Xometry (NASDAQ:XMTR) had its price target boosted by Craig Hallum from $20.00 to $30.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. JMP Securities upped their price objective on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Friday, October 18th. Cantor Fitzgerald lowered their price target on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Xometry currently has an average rating of “Hold” and a consensus target price of $26.29.

Xometry Trading Up 18.5 %

XMTR opened at $30.62 on Wednesday. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average is $19.14 and its two-hundred day moving average is $16.55. The company has a market capitalization of $1.51 billion, a P/E ratio of -28.09 and a beta of 0.55. Xometry has a 52 week low of $11.08 and a 52 week high of $38.74.

Xometry (NASDAQ:XMTR) last posted its earnings results on Tuesday, November 5th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $137.17 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. Analysts forecast that Xometry will post -0.81 earnings per share for the current year.

Insider Activity at Xometry

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 16.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Xometry

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA raised its position in shares of Xometry by 1.4% during the 2nd quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after purchasing an additional 93,350 shares during the last quarter. Vanguard Group Inc. increased its stake in Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after buying an additional 76,976 shares in the last quarter. Sylebra Capital LLC raised its holdings in shares of Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after acquiring an additional 864,454 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after acquiring an additional 217,939 shares during the last quarter. Finally, Bellecapital International Ltd. purchased a new position in shares of Xometry in the second quarter valued at approximately $6,281,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.